Young driver: how to choose a car insurance?

Young drivers often pay a fairly high auto insurance premium because companies think they are more risky than other, more experienced drivers. So how do you reduce the cost of insurance when you're a young driver?

What is meant by young driver?

For insurance companies, young drivers bring together young drivers who still lack experience on the road. So young drivers are not qualified by their age, but by their driving experience. Anyone who has just found a driver's license is therefore seen as a young driver. This profile is considered at risk, that is why young drivers often pay a premium insurance a little more expensive. This price is however decreasing over the years: generally 100% during the first year, then 50% during the second and 25% during the last year. However, the gradual decline of this premium is only guaranteed if the motorist has not made any accident. It should also be noted that young drivers who have taken an accompanied driving benefit from a lower increase with 50% surcharge during the first year, then 25% during the second and 12.5% ​​during the last year.

How then reduce the cost of his car insurance?

Purchase driving license

To find a less expensive young driver's auto insurance, you can ask for help from an insurance broker or use an insurance comparator.

To reduce the cost of your car insurance, consider becoming the second driver of your parents car. This will allow you to enjoy their bonus-penalty rate, since the latter is attached to the car and not to the driver. Thus, you will avoid the extra premium. However, you should know that as a secondary driver, you can not use the vehicle for the most part. The insurance will take this as a fraud, so in the event of a claim, the company may reduce or refuse compensation.

To reduce the cost of your car insurance, you can also take out third-party car insurance. It is very economical, but with a low guarantee. This insurance only covers civil liability, but not the motorist himself. You can also choose an all-risk car insurance if your car is new. Then there is the extended third-party formula that can be as economical.